3 hours ago
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Key Takeaways
- Swaps into some regulated fiat-linked tokens could become taxable from 2027.
- Large crypto portfolios could enter France’s exit-tax system when a holder leaves.
- Another measure would give crypto losses a 10-year carry-forward period.
- None of the proposals has changed the current rules.
Two decisions are at the centre of the debate
The Finance Committee reviewed several crypto-tax amendments during its work on France’s 2027 budget. Together, they ask when a gain becomes sufficiently real to tax—even when the investor has not sent euros to a bank account.
Proposed trigger one
Crypto → regulated e-money token
A gain could be calculated when a holder swaps into an eligible fiat-linked token.
Proposed trigger two
France → another tax residence
Large unrealised gains could be assessed when a taxpayer leaves the country.
Those are different events. One concerns a transaction inside a portfolio; the other concerns th...
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